My comprehension of the posts is this. The thought is that for KNC to ship in September, you know less than 30 days, they should have a prototype of pcbs, case, anything at least like bitfury does with thier boards.

way back when, when KNC was explaining themselves, they mentioned that they were surprised no one else did what they are doing now... that is the main reason they have been pretty quite - and after plenty of researching, I ended up trusting them.

If you don't have that level of trust, no proof besides shipping is going to convince anyone anyway.

I hedged my bet with 0% interest credit cards.. and I actually get 1% cash back so I am up $150 at this point

do whatever you need to sleep at night, but these guys have their gameplan and they are sticking to it. If they fail, we'll know in a month

I agree, what they said seemed different from others, more of a solid plan from start to finish and with all aspects they had control over covered well.We knew the risks, we even knew that it was possible that they may run into a problem to delay delivery...or we didn't understand that can happen with any product. Tough for us that this game has the sudden urgency built into it around now.

I think that anyone looking for a fast profit needs to forget mining for a while and trade BTC , anyone who likes to mine for a hobbyist thrill should look into other coins, and those who don't want a gamble should just buy them and not risk not making ROI with a rig. There are so many options there's really one for everyone and no need to whine and pick at the decisions of others.

As for Bitcoinorama, his time and effort to give some 1st hand impressions were invaluable to me, helped me make a decision. How that turns out is my problem (and outside anyone's control most likely) not his. I'm grateful for the effort either way.

So its mid August and September is approaching. Any _technical_ updates from KNC?

+1 Those babys dont come out of nothing. At this stage, giving theres a reasonable plan at place , we should have some real technical update. We dont need videos but we need to know what progress has been made so far. Unless KNC have magic quantum box where all Jupiters pop out of magnetic flux.

Assuming that the first month to 6 weeks will return the best results whenever these rigs are delivered, an option might be to bang yours on Ebay after that period with a reasonable reserve and see if you can do better than it would mining? Maybe fund your gen2 machine a little while it's worth something. I've seen people pay stupid money for machines not half as good as these and not even in hand. You never know, and if no-one bites no harm done.

Assuming that the first month to 6 weeks will return the best results whenever these rigs are delivered, an option might be to bang yours on Ebay after that period with a reasonable reserve and see if you can do better than it would mining? Maybe fund your gen2 machine a little while it's worth something. I've seen people pay stupid money for machines not half as good as these and not even in hand. You never know, and if no-one bites no harm done.

We could all look at it like that versus this right? (its all still speculation)

USD 15040 total dollars returned from mining in October with Jupiter = 7200 price and shipping for jupiter + it makes money until July 2014 which is roughly 7840 dollars of profit at that! therefore (http://mining.thegenesisblock.com/a/b4f90fa51a)

if you buy it for the sake of the argument at 100 dollars an throw in a fee we could say 71.92 BTC for that same $7200. So 15040 USD/71.92 BTC that could have been held instead of mining..the bitcoin cost per USD only needs to be 209.12. Lets say that you buy in right now instead around 111 USD each. You only need the price to hit 231.88 to see the same profit you WOULD HAVE if you bought a KNC Jupiter - clearly if you plan to gamble some money...gambling says to ask if BTC price plans to be around 220 ish dollars between now and July of Next year. If you think If will not...then you will gain more from buying Miners and mining BTC along with other alts as they have the chance to appreciate later in the future and less people are willing to invest time or fiat into it which would influence the cost. If you think it could reach this price or higher before July of 2014 then I'd say to Buy the btc and sell it at or near that price after trading fees are calculated (both on the Buy and Sell side). It would have the potential to either appreciate higher or you could sell it again then rebuy it. I don't see BTC going into a super high demand over even fiat unless its accepted mainstream a LOT more - like earn btc and pay your cell phone bill, cable bill, car insurance bill DIRECT with btc, no exhange to fiat involved.

I'd feel like the sweetspot to sell should be week 3 in June 2014 if and only if there isnt a flooded 2ndary market already. (ebay amazon craigslist bitmit.net)

Assuming that the first month to 6 weeks will return the best results whenever these rigs are delivered, an option might be to bang yours on Ebay after that period with a reasonable reserve and see if you can do better than it would mining? Maybe fund your gen2 machine a little while it's worth something. I've seen people pay stupid money for machines not half as good as these and not even in hand. You never know, and if no-one bites no harm done.

We could all look at it like that versus this right? (its all still speculation)

USD 15040 total dollars returned from mining in October with Jupiter = 7200 price and shipping for jupiter + it makes money until July 2014 which is roughly 7840 dollars of profit at that! therefore (http://mining.thegenesisblock.com/a/b4f90fa51a)

if you buy it for the sake of the argument at 100 dollars an throw in a fee we could say 71.92 BTC for that same $7200. So 15040 USD/71.92 BTC that could have been held instead of mining..the bitcoin cost per USD only needs to be 209.12. Lets say that you buy in right now instead around 111 USD each. You only need the price to hit 231.88 to see the same profit you WOULD HAVE if you bought a KNC Jupiter - clearly if you plan to gamble some money...gambling says to ask if BTC price plans to be around 220 ish dollars between now and July of Next year. If you think If will not...then you will gain more from buying Miners and mining BTC along with other alts as they have the chance to appreciate later in the future and less people are willing to invest time or fiat into it which would influence the cost. If you think it could reach this price or higher before July of 2014 then I'd say to Buy the btc and sell it at or near that price after trading fees are calculated (both on the Buy and Sell side). It would have the potential to either appreciate higher or you could sell it again then rebuy it. I don't see BTC going into a super high demand over even fiat unless its accepted mainstream a LOT more - like earn btc and pay your cell phone bill, cable bill, car insurance bill DIRECT with btc, no exhange to fiat involved.

I'd feel like the sweetspot to sell should be week 3 in June 2014 if and only if there isnt a flooded 2ndary market already. (ebay amazon craigslist bitmit.net)

To complicate things, around March Gen2 is scheduled. Get the new stuff ASAP and get RID of the older stuff ASAP would likely be the more lucrative plan? Why have dollars tied up making almost nothing when the latest rigs can pump out BTC more economically and make you more?

Assuming that the first month to 6 weeks will return the best results whenever these rigs are delivered, an option might be to bang yours on Ebay after that period with a reasonable reserve and see if you can do better than it would mining? Maybe fund your gen2 machine a little while it's worth something. I've seen people pay stupid money for machines not half as good as these and not even in hand. You never know, and if no-one bites no harm done.

We could all look at it like that versus this right? (its all still speculation)

USD 15040 total dollars returned from mining in October with Jupiter = 7200 price and shipping for jupiter + it makes money until July 2014 which is roughly 7840 dollars of profit at that! therefore (http://mining.thegenesisblock.com/a/b4f90fa51a)

if you buy it for the sake of the argument at 100 dollars an throw in a fee we could say 71.92 BTC for that same $7200. So 15040 USD/71.92 BTC that could have been held instead of mining..the bitcoin cost per USD only needs to be 209.12. Lets say that you buy in right now instead around 111 USD each. You only need the price to hit 231.88 to see the same profit you WOULD HAVE if you bought a KNC Jupiter - clearly if you plan to gamble some money...gambling says to ask if BTC price plans to be around 220 ish dollars between now and July of Next year. If you think If will not...then you will gain more from buying Miners and mining BTC along with other alts as they have the chance to appreciate later in the future and less people are willing to invest time or fiat into it which would influence the cost. If you think it could reach this price or higher before July of 2014 then I'd say to Buy the btc and sell it at or near that price after trading fees are calculated (both on the Buy and Sell side). It would have the potential to either appreciate higher or you could sell it again then rebuy it. I don't see BTC going into a super high demand over even fiat unless its accepted mainstream a LOT more - like earn btc and pay your cell phone bill, cable bill, car insurance bill DIRECT with btc, no exhange to fiat involved.

I'd feel like the sweetspot to sell should be week 3 in June 2014 if and only if there isnt a flooded 2ndary market already. (ebay amazon craigslist bitmit.net)

To complicate things, around March Gen2 is scheduled. Get the new stuff ASAP and get RID of the older stuff ASAP would likely be the more lucrative plan? Why have dollars tied up making almost nothing when the latest rigs can pump out BTC more economically and make you more?

To complicate things, around March Gen2 is scheduled. Get the new stuff ASAP and get RID of the older stuff ASAP would likely be the more lucrative plan? Why have dollars tied up making almost nothing when the latest rigs can pump out BTC more economically and make you more?

I'm not sure there'll be a Gen-2 at this rate. When even Cointerra can barely make the numbers look attractive for November how will KNC make March'14 work?

What's it gonna be, 100 terahertz at 1 watt per terahash for $199? lol. You'd probably need something that extreme for it to make sense (I exaggerate of course). But at that point you'll be back to looking at an ROI in the years, not weeks, again. So, the rush will officially be over by the end of this year.

We'll be hitting up against hardware costs and bitcoin-mining profit will be just over electricity costs--as usual.

There will be no gen2 chip for a while. Bitcoin asic Chips will stay the same for another 2 years. 14nm will be live maybe late next year for the big boys(intel , Samsung). So well just see these companies fight it out to sell the cheapest 28nm chips/miner.

Apologies is this have been covered - if so, I've missed it. Has anyone asked if the software will be capable of supporting a primary and secondary pool? This is fairly standard functionality in cgminer and other products, so I'd imagine so, but still wise to ask.

Per KNC:

"We are expecting to ship our devices with CGminer ready to use. So it will have the same configuration possiblilities."

This leads me to believe that the web interface (presuming they have one) will be for basic functionality while advanced functionality will be available through linux shell (SSH). Looking forward to seeing this when it's finished.

Fingers crossed, hopefully they're on schedule enough to deliver later orders in September as well?

Margins on margins. Maybe they'll surprise us with a mid September ship date. It'd be an early Christmas, and a fresh drink of water in what's been a very stale ASIC market lately among certain unmentionable companies and names >_>

Was thinking more of a demonstration or images instead of a BFL trademarked "we're almost done".

If you'd read the thread you might know that they're not doing the work in-house themselves (thank god).

The chips are likely being shipped straight to the PCB installer and hardware case guys, who, perhaps, ships them to us or another company doing order fulfillment, dunno. Shortly after they're complete, KNC will get their first units for demo, testing, and send out to Kano and the like.

If you see pictures of a working KNC miner it likely means that shipment is either nigh or already happening.